XAU HUI GDX GDXJ all saying correction is doneWith all the precious metal indexes breaking out on the technicals the senior companies have
been putting in wonderful gains and what follows in pecking order are the mid tier down to
finally the exploration companies. Many of the exploration companies are at oversold, and
very very cheap prices. Some, like Metallis who have very tiny floats have been hard to
accumulate if you want a sizeable position. As I mentioned in my previous post if you tally up
all the shares traded from mid .20s to here, you find that the volume has been very tight.
Below is a three year chart which shows the correction and shows how this stock is tightly
coiled and will easily reach for its 90 day average at about .27 cents for starters. Anything one
accumulates here will be a very nice gain in a very short time frame in my opinion.
Simple Moving Avg (30) ——Simple Moving Avg (90) ——